Key Points
India is likely to push for a global patent waiver for vaccines, therapeutics, and diagnostics to combat future pandemics at the mini-ministerial meeting of the World Trade Organization (WTO) in Paris next month, after securing a five-year waiver for Covid-19 vaccines in 2022...
India, South Africa, and 80 other WTO members had proposed a response for future pandemics, but the ministerial outcome of 2022 only covered Covid-19 vaccines, with the US delaying an outcome on therapeutics and diagnostics...
The United Nations Conference on Trade and Development has estimated a $10 billion potential tariff revenue loss for developing countries every year due to the moratorium on e-transmissions as compared to only $289 million for high-income countries...
Separately, India and China, among 80 others have called for initiating text-based negotiations at the WTO to find a permanent solution on public stockholding (PSH) for food security at the ministerial-level meeting of the global trade body in February next year amid demands by developing countries and the African Group for a food security package at the 2024 conference...
While India's good subsidies are protected by a peace clause that shields its food procurement programmes against action from WTO members in case the subsidy ceilings-10% of the value of food production in the case of India and other developing countries-are breached, developing countries have been pushing for a permanent solution for the issue...
You might be interested in
Logjam continues on fifth day of WTO ministerial meet
01, Mar, 24Abu Dhabi, Mar 1 (PTI) WTO members have not yet reached a consensus on key issues of agriculture, fisheries subsidies and e-commerce moratorium even as the talks entered the fifth day on Friday while India maintains its stand of fully protecting the interest of farmers and fishermen, an official said. Though hectic parleys are going […]
India to insist on WTO taking its decisions via consensus, not votes
22, Jan, 24India is set to advocate for maintaining the core structure of the World Trade Organization (WTO), which includes consensus-based decision-making and special and differential treatment (S&DT) for developing countries, at the upcoming ministerial conference. S&DT provides benefits to developing nations, such as extended time to implement agreements and binding commitments.
WTO: What's behind Thailand-India spat
01, Mar, 24India Business News: Unless you are an avid reader of all things concerning world trade, Tuesday's spat between India and Thailand at the ongoing World Trade Organisation .
Chances to reach consensus on WTO dispute settlement body reforms 'low' in next meet: GTRI
21, Jan, 24WTO member countries are unlikely to reach a consensus on reforming the dispute settlement system at the upcoming ministerial conference (MC). The differences between developed and developing countries over the issue pose a challenge.
WTO members agree to extend customs duty moratorium on e-commerce trade for 2 more years
02, Mar, 24Abu Dhabi, Mar 1 (PTI) The WTO members including India on Friday agreed to extend the moratorium on imposing customs duties on e-commerce trade for two more years, till the next ministerial conference of the World Trade Organisation in 2026, sources said. Certain developing countries were earlier opposed to the move, but as the conference […]
Third day of WTO meet: No breakthrough on agri, fisheries subsidies issues
29, Feb, 24Abu Dhabi, Feb 28 (PTI) World Trade Organisation members have not yet managed to make any breakthrough on key issues pertaining to agriculture and fisheries subsidies as both developed and developing countries are tightly holding their positions, an official said on Wednesday. “There is no change in the stance in the last 24 hours on […]
India has successfully delivered... : Piyush Goyal says protection for Indian farmers, fishermen ensured
02, Mar, 24Union Minister Piyush Goyal hailed India's successful navigation of critical issues at the 13th WTO Ministerial Conference, ensuring the protection of farmers and fishermen. Goyal emphasized that India achieved its expected outcomes, safeguarding these sectors from harm. He expressed satisfaction with the conference's outcomes, highlighting the welcoming of two new member countries. Goyal also stressed the importance of restoring the appellate body for resolving disputes. The conference focused on trade policies, aiming to balance economic interests and social responsibility.
13th Ministerial Conference of the WTO: Multiple narratives need not perplex us
13, Mar, 24What may seem like overwrought negotiations on world trade may yet yield clarity. We need progress on e-commerce, food security, fisheries and dispute settlement, among other issues.
WTO needs to look at farm subsidy issue with open mind: FM Sitharaman
03, May, 23The 'Global South' largely refers to countries in Asia, Africa and South America.
WTO issues: India's stand & possibilities
26, Feb, 24India Business News: Ministers from 160 member nations of the World Trade Organisation (WTO) return to the Persian Gulf to discuss the core issues that have hindered progr